- ASX200 is trading 1.01% higher at 7152.6 at 1:15pm AEST.
- PointsBet rallies on Premier Turf Club acquisition news.
- Crown shares surge more than 8% following Star?s merger proposal.
The tech sector is trading just 0.19% higher today, rebounding from last week?s straight run of losses. Nuix is plummeting more than 6% today and Appen is down 4.88%. However, gains for Nearmap, Codan and EML payments are boosting the sector into the green.
The Australian market is rallying 1.01% higher at 7151.6 at 1:15pm AEST as all sectors trade higher and big gains for the miners boost the key index. Just after mid session Omni Bridgeway and Crown Resorts both lead the gains, up more than 7.5% each.
Retail sales for Australian businesses rose 1.3% for March with Victoria and WA leading the rises at a state and territory level.
Bitcoin continues to climb this afternoon, trading 0.36% higher at US$59,228.58 at 1:15pm AEST.
Australian-based online bookmaker PointsBet is rallying today after the company revealed it is acquiring US-based account wagering provider Premier Turf Club for US$2.9m. PointsBet feels the Premier Turf Club?s extensive experience, relationships, customer-focused operations and reputation provide immediate value for growth aspirations of the company.
Making headlines, casino operating group Star Entertainment has joined the race to take over Crown Resorts by submitting a merger proposal to create a $12bn ASX-listed gambling giant. Under the proposal Crown shareholders will receive Star shares and/or cash for their stock.
And Tesla?s Cybertruck hit the streets of New York?s Meatpacking district in a rare citing ahead of founder Elon Musk's SNL appearance over the weekend. According to Tesla the EV prototype is the ?most powerful tool [they] have built?.